Microeconomic Questions Assignment Example | Topics and Well Written Essays - 1250 words

Microeconomic Questions - Assignment Example Unfortunately, since the heavy commercialization of Pepsi and Coca Cola in the 1980s, RC Cola has struggled to keep up with bringing its name forth to the general public. Presumably, RC Cola did not see the merit of wasting so much revenue on advertisements; its owners now of course, see the errors of their ways. RC cola must resort to advertising rather an lowering its prices because both Pepsi and Coca Cola have substantially-prominent name-recognition. Rather than using penetration pricing strategy (a strategy that involves undercutting the prices of competitors), RC Cola must get name recognition out there to compete on the same level as Pepsi and Coca Cola. Monopolistic Market Structures have a unique set of stratagems for optimal pricing and optimal profits. In a monopolistic market structure, the competition is between firms selling similar but not entirely-substitutable products. It is open to all firms that want to earn profits. The firms within a monopolistic market structure are profit maximizers and all of the firms have some market power. Saudi Arabia has strong government controls over major economic activities. It possesses one-fourth of the worlds proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. With its multiple oil reserves, the country still maintains low production costs and therefore will most likely remain the number one exporter of petroleum for a long time to come. The oil reserves also help in lowering the unemployment rate which generally hovers around 15%. The petroleum sector accounts for roughly 75% of revenues and 45% of GDP. About 40% of GDP comes from the private sector.1 By producing a consistently high amount of oil daily, the prices per barrel have continued to rise, as an increasing demand meets the expected quota. Other countries have ceased exporting their own oil because of the adequate amount produced by other leading contributors of the world’s

Poetry when spring arrives by Fernando Pessoa Essay

Poetry when spring arrives by Fernando Pessoa - Essay Example There is a point that Pessoa brings to the mind of the reader and it is in the harsh reality that life goes on, even after the death of someone that is perceived to be influential to life itself. There is actually this tone of inferiority that comes with Pessoa’s statement that, â€Å"To think that my death is of no importance whatsoever.† (7). The truth is that, if the author is of no importance to life, what about the overwhelming influence that he has on people especially his friends, families and other people that were dear to his heart. Thus, the author should not have jumped to the conclusion that life does not need him. Now, let us assume that life does not need the author as he asserted, the best option was not to think or talk about death the way he did. There are actually strings of facts that should be picked from the lines of the poem. The author reminds readers that there is time for everything and that everything must come to pass at its appointed time as this could be inferred from the last line of the poem when he says that, â€Å"What will be, when it is, is what will be when it is.† (22). Seasons come, seasons go, but life remains. The author also reminds readers that, death is inevitable as it is an end to life